How does Fed’s rate cut to near zero impact your money?

2020-03-20

The Federal Reserve, on Sunday, announced an emergency rate cut, lowering the interest rate to near zero. However, this doesn’t mean you will immediately have access to interest-free debt or super cheap debt or mortgage. On the other hand, this does not mean that the coronavirus-induced Fed rate cut would have no impact on your money. Discussed below is how the latest Fed rate cut may affect your retirement plans, credit card debt, savings and more.Q4 2019 hedge fund letters, conferences and moreFed cuts rate to fight coronavirusThe Fed’s latest rate cut comes just less than two weeks after th…